Two companies are dwarfing "big oil" in profit margins and reserves. Theyre about to hand investors a double in the short run
December, 2008:
The Two Most Profitable Oil Plays in the World
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Royal Dutch Shell Pension Fund Meltdown
NETHERLANDS The Dutch pension fund of Anglo-Dutch oil giant Shell has seen its funding ratio plummet 160% to 85% in less than a year.
Madoff fraud costs pension funds 44m so far
Samco, the asset management company of the Shell pension funds, said last week it had a total of $45m (32.2m) through indirect investments on behalf of the Dutch Shell Pension Fund...
Investors ready for Iraq invasion as troops pull out
Royal Dutch Shell has signed a multi-billion dollar natural gas deal with the Iraqi government, which will see it capture flared gas released from oil extraction...
Companies blacklisted in US for allegedly backing Mugabe operate freely in UK
Alongside the likes of Shell and BP, who have major networks of petrol retail outlets in Zimbabwe, Breco supplies petroleum products, purchased from the State Oil Company by law, to a mere five retail outlets
Arrow launches $460 mln takeover bid for Pure Energy
The cash component of the offer will be funded via a combination of Arrow's existing cash reserves and proceeds from the firm's recent 30 percent sale of its Australian upstream interests to Royal Dutch Shell (RDSa.L).
Shell ‘risk-free’ North Sea still vital
SHELL'S UK chairman has pledged the oil major's continuing commitment to the North Sea despite his belief that more than half the area's natural reserves have been produced. James Smith told The Scotsman that the fact that there was still a "low risk" in operating in the North Sea compared with some regions of the world also remained a big plus for the major explorers.
Arrow Offers an 81% Premium for Pure Energy Resources
Dec. 22 (Bloomberg) -- Arrow Energy Ltd., Royal Dutch Shell Plcs partner in coal-seam gas in northeast Australia, offered to buy Pure Energy Resources Ltd. for A$673 million ($460 million) in cash and shares, an 81 percent premium to its stock price.
Royal Dutch Shell Pension Fund Machinations
On 12 December news surfaced that the Dutch pension fund of Royal Dutch Shell is heavily in deficit, with a 40% plunge in value as a result of share market turmoil. A $45 million exposure to the "Madoff" fraud was revealed a few days later following speculation surrounding the stability of the fund.
Lower energy prices aren’t fueling economic returns
Royal Dutch Shell PLC, for example, has postponed a near-doubling of production in Canada's oil sands an operation that some analysts say requires oil to be above $70 a barrel to be economically feasible.
Shell May Revisit Oil-Sand Projects as Procurement Costs Drop
Dec. 19 (Bloomberg) -- Royal Dutch Shell Plc said construction and engineering costs may fall in Canada, allowing Europes largest oil producer to revisit plans to expand oil- sand projects. We expect that procurement costs will come down quite a lot, Chief Executive Officer Jeroen van der Veer said today in an interview at an energy conference in London. If the overheating goes out of the market, the break-even price that you can build an oil-sands project will come down again.
Bernard Madoff ‘fraud’: The list of the casualties including Shell
The Dutch pension fund of Royal Dutch Shell said it has a $45m exposure to the alleged $50bn fraud by prominent Wall Street trader Bernard Madoff.
Oil’s Crash Stirs Unrest in Russia as Slump Hits Home
Public panic is one of the Kremlin's greatest fears.
Oil $36.22 a barrel on New York Mercantile Exchange, the lowest price since June 2004
Futures contracts for January delivery yielded under heavy selling pressure Thursday to finish down $3.84, or 9.6%, at $36.22 a barrel on the New York Mercantile Exchange, the lowest price since June 2004.
Samsung Bets on Shell Floating LNG as Orders Fall
Dec. 19 (Bloomberg) -- Samsung Heavy Industries Co. and Hyundai Heavy Industries Co. are betting that Royal Dutch Shell Plcs plan for untried floating gas-export terminals will spur billions of dollars in orders as the shipping market collapses.
Shell asks for rehearing of Ninth Circuit court decision; delays 2009 Beaufort drilling
Shell said it will file a petition with the U.S. Ninth Circuit Court of Appeals Dec. 18 to ask for a rehearing of the courts decision to block Alaskan Beaufort Sea drilling.
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